The Accounts Receivable Automation Market size was valued at USD 3.41 billion in 2022 and is projected to reach USD 9.59 billion in 2030 with a growing CAGR of 13.8% Over the Forecast Period of 2023-2030.
Software for automating accounts receivable helps organizations streamline their client billing and payment processes. Businesses can increase their cash flow by automating their accounts receivable operations, which can shorten the time it takes to follow up on delinquent invoices and accelerate the payment of invoices. Due to the decreased chance of mistakes or missed invoices, automation can help increase the consistency and accuracy of billing. Automating accounts receivable procedures can also save firms time and money that can be put to better use in operations like customer service or sales.
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Increased use of cloud computing and artificial intelligence (AI) technology also significantly contributes to the market's revenue growth. AI can be used to evaluate and forecast client payment trends, enabling companies to manage their accounts receivable in a proactive manner and see possible difficulties before they become serious ones. On the other hand, businesses may access and analyze a significant volume of data connected to accounts receivable using cloud computing technologies, which can be utilized to store and process the data.
BFSI is expected to have the largest market size by vertical throughout the anticipated timeframe.
The banking, financial services, and insurance (BFSI) segment is expected to hold the largest market share. This vertical has been quick to embrace new technologies. One such innovation is the accounts receivable automation solution, which empowers financial institutions to enhance their cash collection from customers. By automating the accounts receivable process, this solution not only boosts staff productivity but also saves valuable time that would otherwise be spent on manual tasks like entering, proofreading, and verifying invoices. As a result, accurate reports can be generated efficiently.
Drivers
The automation of accounts receivable is increasing as a result of the requirement for fast invoicing.
It is necessary to increase corporate efficiency by reducing costs, increasing cash flow, and shortening the accounting cycle time.
Increased use of technology like cloud computing
Automation of accounts receivable shortens the time between sending invoices and receiving payments by assisting in the timely delivery of bills to clients and customers. Consumers can access e-Invoices created by the account receivable automation and make payments directly by clicking on the link. This shortens the time it takes to process payments and conserves time during account audits. Additionally, it gives businesses a competitive edge by facilitating faster invoicing and managing transactions for a seamless and improved client experience.
Restrains
Eliminate outdated accounts receivable procedures that are impeding market expansion.
The market for accounts receivables automation could experience slow revenue growth due to high installation costs.
Traditional approaches, which are frequently laborious and time-consuming, are preferred by many firms. Enterprises are reluctant to invest in the deployment of accounts receivable automation solutions for a number of reasons, including worries about data security, budgetary restrictions, and opposition to changing the well-established existing accounts receivable processes. Additionally, the lack of awareness about accounts receivable automation and the training and skill sets needed to manage modern solutions are the key causes of the lower adoption of automated and advanced technology.
Opportunities
Companies have opportunities due to the increasing use of AI and ML-based accounts receivable automation.
Vendors of accounts receivable automation systems engage in AI technology to aid finance and accounting executives in improving their financial efficiency. By offering deeper insights into the business process, AI and ML can efficiently improve activities connected to finance. For instance, businesses can use AI to analyze every business process and identify the areas that can be changed to increase value. To identify any danger of payment issues, it can also be helpful to analyze client behavior and payment habits.
Challenges
Growing worries about data security, privacy, and compliance are a major issue that is affecting the market's expansion.
complexity of the billing and payment management process
worries about security and privacy
An increasing number of accounting industry stakeholders are worried about data protection. Businesses are becoming more careful when implementing automated solutions due to the rise in identity fraud and cybercrimes. PCI and GDPR compliance is required for the solution to safeguard client payments and personal information. Organizations also have a lot of sensitive information and a lot of data to manage. As a result, businesses are reluctant to implement the automation solution because it necessitates disclosing their private and sensitive information to outside parties on the cloud.
The Russia-Ukraine war could lead to disruptions in supply chains and trade routes, impacting various industries. Companies might prioritize stabilizing their existing operations rather than investing in new technologies, which could temporarily slow down the growth of the Accounts Receivable Automation market by 7.5%. In times of geopolitical instability, investors might become more risk-averse. Venture capital funding and other forms of investment that drive innovation and growth in technology markets could decrease, affecting the development and adoption of Accounts Receivable Automation solutions. Businesses in the affected regions might divert their attention and resources toward addressing more immediate concerns related to the conflict, such as ensuring business continuity and managing risk. This diversion could result in a reduced focus on adopting new technologies like Accounts Receivable Automation. The economic impact of the war could lead to fluctuations in currency values and financial markets. Businesses might experience challenges in managing their finances, including Accounts Receivable and Accounts Payable. This could lead to an increased interest in automation solutions that help manage these aspects more efficiently.
With remote work becoming more prevalent due to the pandemic and potentially due to conflict-related disruptions, businesses might prioritize solutions that facilitate remote collaboration and process management, which could include Accounts Receivable Automation tools. Different industries might respond to the conflict in varying ways based on their exposure to the affected regions and their reliance on global supply chains. Industries heavily reliant on imports or exports to/from the conflict zone might experience more significant disruptions, impacting their investment decisions.
Impact of Recession
A recession often leads to tighter credit conditions and reduced cash flows for both businesses and individuals. As a result, companies may prioritize immediate cash needs over investing in automation solutions, even if these solutions have the potential to improve efficiency in the long run. Economic uncertainty during a recession can lead to delayed decision-making by businesses. They might hold off on making major purchasing decisions, including investments in automation technologies until economic conditions stabilize. Companies may reevaluate their relationships with vendors and technology providers during a recession. They might seek to renegotiate contracts or explore more cost-effective alternatives, which could impact the adoption of Accounts Receivable Automation solutions. According to PYMNTS research, 93.5% of businesses are investing in digital technologies in at least one aspect of payments and finance, and a similar 86% plan to do so in the future.
While the short-term impact of a recession might be negative for the Accounts Receivable Automation market, there could be potential for long-term growth. As the economy begins to recover, businesses may prioritize investments that improve operational efficiency and reduce costs. Accounts Receivable Automation can align with these objectives, leading to increased adoption. Recessions can prompt businesses to adapt and innovate to survive and thrive. This could lead to a reimagining of how Accounts Receivable Automation solutions are utilized and integrated within organizations to address new challenges and opportunities.
By Component
Solutions
Services
By Organization Size
Large Enterprises
Small & Medium-Sized Enterprises
By Deployment Mode
Cloud
On-premises
By Vertical
Banking, Financial Services & Insurance
IT & Telecom
Manufacturing
Consumer Goods & Retail
Healthcare
Energy & Utilities
Other Verticals
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Due to its highly developed economy, increased adoption and penetration of cutting-edge technologies, and a higher level of regional competition, North America commanded the biggest market revenue share. North America accounts for 29.1% revenue of the worldwide market. A significant element driving the market expansion and demand for these solutions in the region is also the existence of numerous well-known industry players, including Oracle Corporation, Workday, BlackLine, and Bottomline Technologies. A study conducted by APQC revealed that companies that offer electronic invoice lines for 80% or more of their invoices experience a substantial reduction in their days sales outstanding, with an average of 30 days. In contrast, companies that only provide electronic invoice lines for 20% or less of their invoices have an average of 55 days of sales outstanding.
The Asia Pacific region is currently one of the fastest-growing regions in the world, which makes it an incredibly profitable market for accounts receivable automation. Due to the quickening of economic development, globalization, digitalization, and greater internet access, it is anticipated to rise at the quickest rate. As two of the region's most technologically advanced nations, China and Japan are the indisputable market leaders. The adoption of accounts receivable automation solutions in the region is being fueled by government measures to advance the digital infrastructure. Utilizing an accounts receivable automation solution enables businesses to successfully restructure their accounts receivable departments and do rid of paper-based and manual operations.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
The major players in the market are SAP, Oracle Corporation, Microsoft Corporation, Kofax Inc., Workday, Quadient, SK Global Software, Sage Group plc, BlackLine Inc., Zoho, Bottomline Technologies, Inc., HighRadius, MHC Automation, and others in the final report.
A new addition to Netsmart's CareFabric integrated platform, the company introduced a cloud-based revenue cycle management solution in October 2022. By using this solution, healthcare providers can increase cash flow, productivity, and profitability while cutting the number of hours spent collecting accounts receivable by about 20%.
As a part of its NetSuite ERP solution, Oracle NetSuite debuted Cash 360 on February 2, 2022. The use of NetSuite Cash 360 helps customers manage cash flow effectively, ensuring they have enough cash on hand to fund sales and marketing initiatives, maintain daily operations, pay employees and suppliers, pay debt, purchase capital equipment, and make other long-term investments.
SAP SE purchased the majority of Taulia, a provider of working capital management solutions, in March 2021. The company will now be able to assist its client companies in attaining financial flexibility and stability, as well as contributing to the creation of more resilient supply chains, thanks to this acquisition.
| Report Attributes | Details |
| Market Size in 2022 | US$ 3.41 Bn |
| Market Size by 2030 | US$ 9.59 Bn |
| CAGR | CAGR of 13.8 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Solutions, Services) • By Organization Size (Large Enterprises, Small & Medium-Sized Enterprises) • By Deployment Mode (Cloud, On-premises) • By Vertical (Banking, Financial Services & Insurance, IT & Telecom, Manufacturing, Consumer Goods & Retail, Healthcare, Energy & Utilities, Other Verticals) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | SAP, Oracle Corporation, Microsoft Corporation, Kofax Inc., Workday, Quadient, SK Global Software, Sage Group plc, BlackLine Inc., Zoho, Bottomline Technologies, Inc., HighRadius, MHC Automation |
| Key Drivers | • The automation of accounts receivable is increasing as a result of the requirement for fast invoicing. • It is necessary to increase corporate efficiency by reducing costs, increasing cash flow, and shortening the accounting cycle time. • Increased use of technology like cloud computing |
| Market Restraints | • Eliminate outdated accounts receivable procedures that are impeding market expansion. • The market for accounts receivables automation could experience slow revenue growth due to high installation costs. |
Ans: The Accounts Receivable Automation Market size was valued at USD 3.41 billion in 2022.
Ans. The Accounts Receivable Automation Market is growing at a CAGR of 13.8 % From 2023 to 2030.
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Ans:
The Asia Pacific region is expected to experience the highest growth in the Accounts Receivable Automation Market during the forecast period
Ans. The players in the market are SAP, Oracle Corporation, Microsoft Corporation, Kofax Inc., Workday, Quadient, Zoho, Bottomline Technologies, Inc., HighRadius, MHC Automation, and others in the final report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Accounts Receivable Automation Market Segmentation, By Components
8.1 Solutions
8.2 Services
9. Accounts Receivable Automation Market Segmentation, By Organizational Size
9.1 Small & Medium Enterprises
9.2 Large Enterprises
10. Accounts Receivable Automation Market Segmentation, By Deployment
10.1 Cloud
10.2 On-premises
11. Accounts Receivable Automation Market Segmentation, By Vertical
11.1 Banking, Financial Services & Insurance
11.2 IT & Telecom
11.3 Manufacturing
11.4 Consumer Goods & Retail
11.5 Healthcare
11.6 Energy & Utilities
11.7 Other Verticals
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Accounts Receivable Automation Market By Country
12.2.2 North America Accounts Receivable Automation Market By Components
12.2.3 North America Accounts Receivable Automation Market By Organizational Size
12.2.4 North America Accounts Receivable Automation Market By Deployment
12.2.5 North America Accounts Receivable Automation Market By Vertical
12.2.6 USA
12.2.6.1 USA Accounts Receivable Automation Market By Components
12.2.6.2 USA Accounts Receivable Automation Market By Organizational Size
12.2.6.3 USA Accounts Receivable Automation Market By Deployment
12.2.6.4 USA Accounts Receivable Automation Market By Vertical
12.2.7 Canada
12.2.7.1 Canada Accounts Receivable Automation Market By Components
12.2.7.2 Canada Accounts Receivable Automation Market By Organizational Size
12.2.7.3 Canada Accounts Receivable Automation Market By Deployment
12.2.7.4 Canada Accounts Receivable Automation Market By Vertical
12.2.8 Mexico
12.2.8.1 Mexico Accounts Receivable Automation Market By Components
12.2.8.2 Mexico Accounts Receivable Automation Market By Organizational Size
12.2.8.3 Mexico Accounts Receivable Automation Market By Deployment
12.2.8.4 Mexico Accounts Receivable Automation Market By Vertical
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Accounts Receivable Automation Market By Country
12.3.1.2 Eastern Europe Accounts Receivable Automation Market By Components
12.3.1.3 Eastern Europe Accounts Receivable Automation Market By Organizational Size
12.3.1.4 Eastern Europe Accounts Receivable Automation Market By Deployment
12.3.1.5 Eastern Europe Accounts Receivable Automation Market By Vertical
12.3.1.6 Poland
12.3.1.6.1 Poland Accounts Receivable Automation Market By Components
12.3.1.6.2 Poland Accounts Receivable Automation Market By Organizational Size
12.3.1.6.3 Poland Accounts Receivable Automation Market By Deployment
12.3.1.6.4 Poland Accounts Receivable Automation Market By Vertical
12.3.1.7 Romania
12.3.1.7.1 Romania Accounts Receivable Automation Market By Components
12.3.1.7.2 Romania Accounts Receivable Automation Market By Organizational Size
12.3.1.7.3 Romania Accounts Receivable Automation Market By Deployment
12.3.1.7.4 Romania Accounts Receivable Automation Market By Vertical
12.3.1.8 Hungary
12.3.1.8.1 Hungary Accounts Receivable Automation Market By Components
12.3.1.8.2 Hungary Accounts Receivable Automation Market By Organizational Size
12.3.1.8.3 Hungary Accounts Receivable Automation Market By Deployment
12.3.1.8.4 Hungary Accounts Receivable Automation Market By Vertical
12.3.1.9 Turkey
12.3.1.9.1 Turkey Accounts Receivable Automation Market By Components
12.3.1.9.2 Turkey Accounts Receivable Automation Market By Organizational Size
12.3.1.9.3 Turkey Accounts Receivable Automation Market By Deployment
12.3.1.9.4 Turkey Accounts Receivable Automation Market By Vertical
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Accounts Receivable Automation Market By Components
12.3.1.10.2 Rest of Eastern Europe Accounts Receivable Automation Market By Organizational Size
12.3.1.10.3 Rest of Eastern Europe Accounts Receivable Automation Market By Deployment
12.3.1.10.4 Rest of Eastern Europe Accounts Receivable Automation Market By Vertical
12.3.2 Western Europe
12.3.2.1 Western Europe Accounts Receivable Automation Market By Country
12.3.2.2 Western Europe Accounts Receivable Automation Market By Components
12.3.2.3 Western Europe Accounts Receivable Automation Market By Organizational Size
12.3.2.4 Western Europe Accounts Receivable Automation Market By Deployment
12.3.2.5 Western Europe Accounts Receivable Automation Market By Vertical
12.3.2.6 Germany
12.3.2.6.1 Germany Accounts Receivable Automation Market By Components
12.3.2.6.2 Germany Accounts Receivable Automation Market By Organizational Size
12.3.2.6.3 Germany Accounts Receivable Automation Market By Deployment
12.3.2.6.4 Germany Accounts Receivable Automation Market By Vertical
12.3.2.7 France
12.3.2.7.1 France Accounts Receivable Automation Market By Components
12.3.2.7.2 France Accounts Receivable Automation Market By Organizational Size
12.3.2.7.3 France Accounts Receivable Automation Market By Deployment
12.3.2.7.4 France Accounts Receivable Automation Market By Vertical
12.3.2.8 UK
12.3.2.8.1 UK Accounts Receivable Automation Market By Components
12.3.2.8.2 UK Accounts Receivable Automation Market By Organizational Size
12.3.2.8.3 UK Accounts Receivable Automation Market By Deployment
12.3.2.8.4 UK Accounts Receivable Automation Market By Vertical
12.3.2.9 Italy
12.3.2.9.1 Italy Accounts Receivable Automation Market By Components
12.3.2.9.2 Italy Accounts Receivable Automation Market By Organizational Size
12.3.2.9.3 Italy Accounts Receivable Automation Market By Deployment
12.3.2.9.4 Italy Accounts Receivable Automation Market By Vertical
12.3.2.10 Spain
12.3.2.10.1 Spain Accounts Receivable Automation Market By Components
12.3.2.10.2 Spain Accounts Receivable Automation Market By Organizational Size
12.3.2.10.3 Spain Accounts Receivable Automation Market By Deployment
12.3.2.10.4 Spain Accounts Receivable Automation Market By Vertical
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Accounts Receivable Automation Market By Components
12.3.2.11.2 Netherlands Accounts Receivable Automation Market By Organizational Size
12.3.2.11.3 Netherlands Accounts Receivable Automation Market By Deployment
12.3.2.11.4 Netherlands Accounts Receivable Automation Market By Vertical
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Accounts Receivable Automation Market By Components
12.3.2.12.2 Switzerland Accounts Receivable Automation Market By Organizational Size
12.3.2.12.3 Switzerland Accounts Receivable Automation Market By Deployment
12.3.2.12.4 Switzerland Accounts Receivable Automation Market By Vertical
12.3.2.13 Austria
12.3.2.13.1 Austria Accounts Receivable Automation Market By Components
12.3.2.13.2 Austria Accounts Receivable Automation Market By Organizational Size
12.3.2.13.3 Austria Accounts Receivable Automation Market By Deployment
12.3.2.13.4 Austria Accounts Receivable Automation Market By Vertical
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Accounts Receivable Automation Market By Components
12.3.2.14.2 Rest of Western Europe Accounts Receivable Automation Market By Organizational Size
12.3.2.14.3 Rest of Western Europe Accounts Receivable Automation Market By Deployment
12.3.2.14.4 Rest of Western Europe Accounts Receivable Automation Market By Vertical
12.4 Asia-Pacific
12.4.1 Asia Pacific Accounts Receivable Automation Market By Country
12.4.2 Asia Pacific Accounts Receivable Automation Market By Components
12.4.3 Asia Pacific Accounts Receivable Automation Market By Organizational Size
12.4.4 Asia Pacific Accounts Receivable Automation Market By Deployment
12.4.5 Asia Pacific Accounts Receivable Automation Market By Vertical
12.4.6 China
12.4.6.1 China Accounts Receivable Automation Market By Components
12.4.6.2 China Accounts Receivable Automation Market By Organizational Size
12.4.6.3 China Accounts Receivable Automation Market By Deployment
12.4.6.4 China Accounts Receivable Automation Market By Vertical
12.4.7 India
12.4.7.1 India Accounts Receivable Automation Market By Components
12.4.7.2 India Accounts Receivable Automation Market By Organizational Size
12.4.7.3 India Accounts Receivable Automation Market By Deployment
12.4.7.4 India Accounts Receivable Automation Market By Vertical
12.4.8 Japan
12.4.8.1 Japan Accounts Receivable Automation Market By Components
12.4.8.2 Japan Accounts Receivable Automation Market By Organizational Size
12.4.8.3 Japan Accounts Receivable Automation Market By Deployment
12.4.8.4 Japan Accounts Receivable Automation Market By Vertical
12.4.9 South Korea
12.4.9.1 South Korea Accounts Receivable Automation Market By Components
12.4.9.2 South Korea Accounts Receivable Automation Market By Organizational Size
12.4.9.3 South Korea Accounts Receivable Automation Market By Deployment
12.4.9.4 South Korea Accounts Receivable Automation Market By Vertical
12.4.10 Vietnam
12.4.10.1 Vietnam Accounts Receivable Automation Market By Components
12.4.10.2 Vietnam Accounts Receivable Automation Market By Organizational Size
12.4.10.3 Vietnam Accounts Receivable Automation Market By Deployment
12.4.10.4 Vietnam Accounts Receivable Automation Market By Vertical
12.4.11 Singapore
12.4.11.1 Singapore Accounts Receivable Automation Market By Components
12.4.11.2 Singapore Accounts Receivable Automation Market By Organizational Size
12.4.11.3 Singapore Accounts Receivable Automation Market By Deployment
12.4.11.4 Singapore Accounts Receivable Automation Market By Vertical
12.4.12 Australia
12.4.12.1 Australia Accounts Receivable Automation Market By Components
12.4.12.2 Australia Accounts Receivable Automation Market By Organizational Size
12.4.12.3 Australia Accounts Receivable Automation Market By Deployment
12.4.12.4 Australia Accounts Receivable Automation Market By Vertical
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Accounts Receivable Automation Market By Components
12.4.13.2 Rest of Asia-Pacific Accounts Receivable Automation Market By Organizational Size
12.4.13.3 Rest of Asia-Pacific Accounts Receivable Automation Market By Deployment
12.4.13.4 Rest of Asia-Pacific Accounts Receivable Automation Market By Vertical
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Accounts Receivable Automation Market By Country
12.5.1.2 Middle East Accounts Receivable Automation Market By Components
12.5.1.3 Middle East Accounts Receivable Automation Market By Organizational Size
12.5.1.4 Middle East Accounts Receivable Automation Market By Deployment
12.5.1.5 Middle East Accounts Receivable Automation Market By Vertical
12.5.1.6 UAE
12.5.1.6.1 UAE Accounts Receivable Automation Market By Components
12.5.1.6.2 UAE Accounts Receivable Automation Market By Organizational Size
12.5.1.6.3 UAE Accounts Receivable Automation Market By Deployment
12.5.1.6.4 UAE Accounts Receivable Automation Market By Vertical
12.5.1.7 Egypt
12.5.1.7.1 Egypt Accounts Receivable Automation Market By Components
12.5.1.7.2 Egypt Accounts Receivable Automation Market By Organizational Size
12.5.1.7.3 Egypt Accounts Receivable Automation Market By Deployment
12.5.1.7.4 Egypt Accounts Receivable Automation Market By Vertical
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Accounts Receivable Automation Market By Components
12.5.1.8.2 Saudi Arabia Accounts Receivable Automation Market By Organizational Size
12.5.1.8.3 Saudi Arabia Accounts Receivable Automation Market By Deployment
12.5.1.8.4 Saudi Arabia Accounts Receivable Automation Market By Vertical
12.5.1.9 Qatar
12.5.1.9.1 Qatar Accounts Receivable Automation Market By Components
12.5.1.9.2 Qatar Accounts Receivable Automation Market By Organizational Size
12.5.1.9.3 Qatar Accounts Receivable Automation Market By Deployment
12.5.1.9.4 Qatar Accounts Receivable Automation Market By Vertical
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Accounts Receivable Automation Market By Components
12.5.1.10.2 Rest of Middle East Accounts Receivable Automation Market By Organizational Size
12.5.1.10.3 Rest of Middle East Accounts Receivable Automation Market By Deployment
12.5.1.10.4 Rest of Middle East Accounts Receivable Automation Market By Vertical
12.5.2. Africa
12.5.2.1 Africa Accounts Receivable Automation Market By Country
12.5.2.2 Africa Accounts Receivable Automation Market By Components
12.5.2.3 Africa Accounts Receivable Automation Market By Organizational Size
12.5.2.4 Africa Accounts Receivable Automation Market By Deployment
12.5.2.5 Africa Accounts Receivable Automation Market By Vertical
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Accounts Receivable Automation Market By Components
12.5.2.6.2 Nigeria Accounts Receivable Automation Market By Organizational Size
12.5.2.6.3 Nigeria Accounts Receivable Automation Market By Deployment
12.5.2.6.4 Nigeria Accounts Receivable Automation Market By Vertical
12.5.2.7 South Africa
12.5.2.7.1 South Africa Accounts Receivable Automation Market By Components
12.5.2.7.2 South Africa Accounts Receivable Automation Market By Organizational Size
12.5.2.7.3 South Africa Accounts Receivable Automation Market By Deployment
12.5.2.7.4 South Africa Accounts Receivable Automation Market By Vertical
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Accounts Receivable Automation Market By Components
12.5.2.8.2 Rest of Africa Accounts Receivable Automation Market By Organizational Size
12.5.2.8.3 Rest of Africa Accounts Receivable Automation Market By Deployment
12.5.2.8.4 Rest of Africa Accounts Receivable Automation Market By Vertical
12.6. Latin America
12.6.1 Latin America Accounts Receivable Automation Market By Country
12.6.2 Latin America Accounts Receivable Automation Market By Components
12.6.3 Latin America Accounts Receivable Automation Market By Organizational Size
12.6.4 Latin America Accounts Receivable Automation Market By Deployment
12.6.5 Latin America Accounts Receivable Automation Market By Vertical
12.6.6 Brazil
12.6.6.1 Brazil Accounts Receivable Automation Market By Components
12.6.6.2 Brazil Accounts Receivable Automation Market By Organizational Size
12.6.6.3 Brazil Accounts Receivable Automation Market By Deployment
12.6.6.4 Brazil Accounts Receivable Automation Market By Vertical
12.6.7 Argentina
12.6.7.1 Argentina Accounts Receivable Automation Market By Components
12.6.7.2 Argentina Accounts Receivable Automation Market By Organizational Size
12.6.7.3 Argentina Accounts Receivable Automation Market By Deployment
12.6.7.4 Argentina Accounts Receivable Automation Market By Vertical
12.6.8 Colombia
12.6.8.1 Colombia Accounts Receivable Automation Market By Components
12.6.8.2 Colombia Accounts Receivable Automation Market By Organizational Size
12.6.8.3 Colombia Accounts Receivable Automation Market By Deployment
12.6.8.4 Colombia Accounts Receivable Automation Market By Vertical
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Accounts Receivable Automation Market By Components
12.6.9.2 Rest of Latin America Accounts Receivable Automation Market By Organizational Size
12.6.9.3 Rest of Latin America Accounts Receivable Automation Market By Deployment
12.6.9.4 Rest of Latin America Accounts Receivable Automation Market By Vertical
13. Company Profile
13.1 SAP
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Oracle Corporation.
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Microsoft Corporation
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Kofax Inc.
13.4.1 Company Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Workday.
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 SK Global Software.
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Sage Group plc.
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 BlackLine Inc.
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Zoho.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Bottomline Technologies, Inc.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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